Haselkorn & Thibaut has initiated an investigation into Matthew Carbray, a financial advisor based in Avon, Connecticut, affiliated with Kestra Investment Services and Kestra Advisory Services (d/b/a Ridgeline Financial Partners). Investors who have concerns about their investments with Mr. Carbray are encouraged to reach out for a free consultation to discuss their options and next steps. With over 50 years of experience, a 98% success rate, and a commitment to a “no recovery, no fee” model, Haselkorn & Thibaut is dedicated to helping you secure your financial future.
Understanding Matthew Carbray’s Background
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Matthew Carbray (CRD# 4565811) has 23 years of experience in the securities industry. He is currently registered as a broker with Kestra Investment Services and as an advisor with Kestra Advisory Services under the name Ridgeline Financial Partners in Avon, Connecticut. Since 2006, Mr. Carbray has been affiliated with Kestra Investment Services, and since 2016 with Kestra Advisory Services. He previously held positions at NFP Advisor Services and New England Securities.
Mr. Carbray has successfully passed several significant industry exams, including:
- Securities Industry Essentials (SIE) Examination
- Series 65: Uniform Investment Adviser Law Examination
- Series 63: Uniform Securities Agent State Law Examination
- Series 7: General Securities Representative Examination
- Series 6: Investment Company Products/Variable Contracts Representative Examination
He currently holds 35 state licenses, demonstrating a wide-ranging authority to offer investment advice across a broad geographic area.
Complaints and Disclosures on Matthew Carbray’s Record
Investor complaints and regulatory disclosures play an important role when evaluating the track record, integrity, and suitability of a financial advisor. Below, you’ll find a detailed table highlighting formal complaints and disclosures associated with Mr. Carbray, current as of April 2026.
| Date Filed | Nature of Allegation | Role/Entity Involved | Status | Claimed Damages |
|---|---|---|---|---|
| March 2026 | Allegedly recommended unsuitable investments | Kestra Investment Services | Pending | Unspecified |
| 2024 | Allegedly recommended unsuitable real estate investment trust (REIT) | Kestra Investment Services | Denied | $25,000 |
What Is a Suitability Complaint?
A suitability complaint occurs when an investor alleges that an advisor has recommended investments that do not align with the investor’s objectives, risk tolerance, or time horizon. Regulatory bodies require financial professionals to thoroughly understand both the products they recommend and the investor’s profile before proposing an investment strategy.
In Mr. Carbray’s case, the most recent complaint accuses him of making unsuitable investment recommendations as a representative of Kestra Investment Services. Another previous complaint involved a disputed real estate investment trust (REIT), which was ultimately denied by the firm.
Understanding REITs and Investment Risk
A Real Estate Investment Trust (REIT) lets investors gain exposure to real estate markets without directly owning property. There are two main types: publicly traded (listed on stock exchanges) and privately held (non-traded). While REITs can offer consistent income streams and portfolio diversification, they also carry unique risks:
- Non-traded REITs may be highly illiquid and difficult to sell in the short term.
- Both public and private REITs may involve high fees and limited potential for capital appreciation.
- Market volatility can affect publicly traded REITs, influencing both value and income output.
It is essential for advisors to discuss these risks and fully assess investor suitability before making such recommendations.
Regulatory Search Results and Red Flags
To provide investors with a transparent assessment, Haselkorn & Thibaut reviewed public regulatory resources and litigation databases. Below is a consolidated summary of results for Matthew Carbray (CRD #4565811) as of April 2026:
- FINRA BrokerCheck: No regulatory actions, arbitration claims, or civil actions reported. View BrokerCheck Summary.
- SEC Actions: No SEC cease-and-desist orders, injunctive actions, or administrative proceedings against Mr. Carbray or his affiliated firm.
- Federal Litigation (PACER): No lawsuits listed as of this date.
- State Regulatory Actions: No disciplinary actions or administrative orders associated with Mr. Carbray or Ridgeline Financial Partners in North Carolina or other states where he is registered.
While public databases do not reveal regulatory or legal actions, it’s important to recognize the impact of investor complaints—especially those involving allegations of unsuitable investment recommendations.
Key Considerations for Investors
- Review the complaint history and professional background of any financial advisor you’re considering.
- Understand your own risk tolerance, investment goals, and time horizon—and ensure that any recommendation aligns with your personal needs.
- If you have concerns about the suitability of past or current recommendations, seek an independent review with experienced investment fraud attorneys.
How Haselkorn & Thibaut Can Help
If you have invested with Matthew Carbray, Kestra Investment Services, Kestra Advisory Services, or Ridgeline Financial Partners and experienced unexpected losses or unsuitable recommendations, you are not alone. Haselkorn & Thibaut is a national investment fraud law firm dedicated to representing investors. With a 98% success rate, millions recovered, and a “no recovery, no fee” guarantee, your interests are our sole priority.
Reach out today for a free and confidential consultation to discuss your unique situation and determine your best course of action. It’s completely risk-free, and there are no fees unless we help you recover your losses.
Call Haselkorn & Thibaut at 1-888-885-7162—your recovery starts with a conversation.
